Merger of Glencore and Xstrata: voestalpine Not Concerned
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The Austrian steel company does not feel affected by the merger between the two major commodity corporations Glencore and Xstrata.

“Glencore and Xstrata are no suppliers for us.”, the spokesman Peter Felsbach said. As a result, voestalpine does not see potential consequences. Whether a merger has effects on the iron ore price is not predictable, Felsbach said. “This would be pure speculation.” The last two years showed a massive increase, anyway.
According to the spokesman, voestalpine wants to…
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